💘MATIC is showing some positive signals. By looking at key indicators like the 100 EMA, the baseline we can spot a potential price rally.

✨️Polygon (MATIC) Technical Outlook

Analyze the price movement of Polygon (MATIC) using the daily chart, focusing on the 100 EMA, baseline and Kumo cloud of the Ichimoku indicator.

💗EMA 100 (blue) is an important resistance level as MATIC price has continuously traded below it for the past 2 months. Maintaining trading below the 100 EMA emphasizes the bearish trend. Notably, the most recent attempt to break above the 100 EMA occurred on April 9. However, the attempt was met with significant selling pressure, further reinforcing the bearish sentiment.

💞A smart contract is a self-executing contract with the terms of the agreement written directly into the code. They run on blockchain networks like Ethereum and Polygon. When the conditions specified in the code are met, the contract is automatic.

❤️During the period given, the percentage of MATIC in smart contracts showed volatility. There is a decrease at the beginning of the period, followed by a steady increase. Around mid-April, there was a significant jump in the percentage, indicating an increase in smart contract activity on the Polygon network.

💔This is not financial advice, people only refer to it for further research

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